Self-employment is becoming attractive nowadays. Many
path over being an employee. In
essay, I will discuss the pros and cons of being self-employed.
An increasing number of individuals are moving away from working for companies and gravitate toward having their own
or working as freelancers. Being self-employed has many advantages.
, it gives the person flexibility regarding working hours.
, if someone is working for a company, they will be committed to come to work at a certain time and leave at a certain time.
makes it hard sometimes to manage personal commitments, like dropping and picking up children from school.
, having a private
can have unlimited potential for growing wealth.
, Jeff Bezos started a small company selling books online, and as Amazon grew in size, he became one of the richest
in the world.
don't like working for someone else and having a boss.
, self-employment gives them the opportunity to do what they like without the downside of being managed.
On the other hand
, there are several disadvantages of having your own
, there is no regular stream of income ,especially at the beginning.
can be very frustrating for a household responsible to feed a family.
, there is no clear career path.
ambiguity and lack of structure are not easy for anyone to manage.
, being employed by an organisation comes with many benefits which self-employed
are deprived of.
, airline companies employees enjoy the perk of travelling on standby for free.
, all companies offer health insurance which can be very expensive for someone managing their own
In conclusion, self-employment can be very attractive for some
for the benefits discussed above.
, there are some drawbacks which makes some
uncomfortable with it. I believe both paths offer good potential and
should choose according to their preferences.